Saturday, September 15, 2012

WELCOME TO MYANMAR

PYI DAUNG SU HLUTTAW PASSED MYANMAR INVESTMENT LAW

On September 7,Pyi Daung Su Hluttaw passed boldly and submitted to President U Thein Sein.The Pyi Daung Su Hluttaw cut the US$5-million minimum capital needed for Joint Ventures and put the maximum share which the foreign firms can hold in 13 restricted sectors by one percent up to fifty percent.

The Hluttaw removed a clause that said Myanmar citizens had the right to offer to buy ou a foreign investor "if they have the ability to buy and acquire by way of compensation at market rate during the original life of the contract or its extended life if the extebded life is allowed."This revised law is more favourable to foreign firms than the last draft.But the investment in small-to medium-scale enterprises are still limited,because domestic businessmen urged to limit SME.And it is confirmed that the foreign investments could not be nationalised

KOTRA activity

Arranged by KOTRA Yangon,one-on-one Business with Daegu-Gyeongbuk Korean Trade Mission was held in Ballroom-1,Park Royal Hotel 0n 14th September 2012.

MINGALARPAR

Differences in our country are usually normal like other countries.We come from different origins,different backgrounds,different beliefs,different ideas and different goals.We are now building a Democratic Nation. Democracy:literally,rule by the people.The term is derived from the Greek demokratia,which was coined from demos ("people") and karatos("rule") in the middle of the 5th century BC to denote the political systems then existing in some Greek city-states,notably Athens.(Encyclopedia Britannica)

So we have rights to express our views,ideas,speeches and arguments."But Factions are very dangerous.,it was argued,for at least two reasons.First,a faction is by definition a group whose interests are in conflict with the general good.Second,historical experience shows that,prior to the 18th century,the existence of factions in a democracy or republic tended to undermine the stability of its government."(Encyclopedia Britannica)PEACE IS THE MOST ESSENTIAL THING IN A C OUNTRY.